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Ntegrator .The Hot Telecom of Myanmar Post Reply Rate topic
rayyeo Senior	15-Oct-2012 12:32        rayyeo About Contact  Quote this Post!
x 0   x 0  Alert Admin	A scathing US congressional report issued on October 8 has added an unexpected wrinkle to Myanmar’s already chaotic telecoms race. The 52-page report, published by the Intelligence Committee of America’s House of Representatives, states that China-based Huawei Technologies Ltd and ZTE Corp pose a credible security threat given both companies’ lack of transparency and possible ties to China’s Communist Party. The report urged US consumers to look elsewhere to meet their telecoms needs. “Private sector entities in the United States are strongly encouraged to consider the long-term security risks associated with doing business with either ZTE or Huawei,” the report said. “Based on available classified and unclassified information, Huawei and ZTE cannot be trusted to be free of foreign state influence and thus pose a security threat to the United States and to our systems.” Huawei, the world’s second largest provider of telecommunications gear and mobile phones, has emerged as one of the most aggressive competitors vying for a piece of Myanmar’s critically underdeveloped and highly coveted telecoms sector. For every 100 people in Myanmar only 1.26 has access to a fixed telephone line, and 0.03 has broadband internet access, according to the Asian Development Bank. Estimates of mobile phone penetration are under 4 percent. Days after the report’s release the ripple effect was being felt at Huawei’s operations outside the US. The Canadian government gave strong signals on October 9 that it would exclude Huawei from helping to construct a planned secure Canadian telecoms network, citing security concerns. Sir Malcolm Rifkind of UK’s parliament’s intelligence and security committee confirmed on October 10 that the committee will be looking into Huawei’s dealings with BT Group PLC. They will deliver a report of their own findings to Prime Minister David Cameron in December. Meanwhile, members of Myanmar’s Ministry of the Communications, Posts and Telegraphs refused to comment due to the sensitivity of the matter. Huawei representatives remained confident that the company’s US troubles would not damage their attempts to win one of Myanmar’s two lucrative telecoms operating licenses that could be made available as soon as early 2013. Huawei operates a total of five offices in Myanmar. The two main offices are located in Yangon and Nay Pyi Daw, while the remaining three are smaller branch offices. The company has a workforce of 260 employees in Myanmar, 70pc of whom are Myanmar nationals. “I think in Myanmar, no, no impact,” said Chen Xiao Yong, the director of the public relations department for Huawei working in Yangon. He added that a “coloured opinion” of China in the US could be at least partially responsible for the allegations in the report, a feeling shared by many in the Chinese media. “Huawei is committed to being a long-term investor in Myanmar, providing innovative products and service for our Myanmar people, and to being a responsible investor, tax payer and corporate citizen,” Mr Xiao Yong said in a post interview email. Though Huawei has had a presence in Myanmar since 2003 the company has lacked the name recognition of its competitors, especially in the booming smart-phone sector. Their profile was bolstered on September 20 when President U Thein Sein visited company headquarters in Shenzhen during his trip to China. U Thein Sein took part in a video conference with members of the Myanmar Chamber of Commerce and Industry, a Myanmar embassy and Myanmar students studying in China using Huawei technology. He toured company facilities alongside Huwaei’s secretive founder and president Ren Zhengfei before meeting with Huawei’s Southeast Asia president Yang Shu and Yangon managing director Ren Geng. The visit, which the company has taken to marketing through press releases, photo brochures and visits to local media outlets, runs directly against Mr Xiao Yong’s insistence that the company is uninterested and divorced from politics in its pursuit of large-scale business in Myanmar. In 2009, two years after launching a CDMA 450MHz network in Myanmar, the company entered into an agreement with Elite Tech, an offshoot of the Htoo Group of Companies run by billionaire tycoon U Tay Za. Representatives for Huawei refused to comment on their agreement or relationship with the Htoo Group, Elite Tech or U Tay Za. U Tay Za and the Htoo Group were added to a US blacklist in October 2007. With Huawei already in business with one US blacklisted company and possibly facing the same fate itself, reluctance from the Myanmar government to allow them to expand would be understandable. Myanmar has made tremendous strides in building relations with the US in the past year. With President Barack Obama lifting lending sanctions last week, virtually all restrictions have now been eased. It seems unlikely that Myanmar would risk such an important infrastructure project on a company running afoul of an ally they are eager to please. Additionally experts have cited Myanmar’s desire to distance itself from China as one of key reasons for democratic reform and economic opening. Unimpeded by sanctions and geographically advantaged, China is Myanmar’s largest investor accounting for roughly 35pc of foreign direct investment. An operating license for Huawei may be seen as a step back towards Beijing. Even if the report does not bring action from the Myanmar government, terms like “spy” and “espionage” circulating through traditional and social media could be enough shake the already wavering consumer confidence that Myanmar customers have in Chinese businesses and products. “Local Burmese see Chinese companies as wealthy and interested in the natural resources of their country, but have little concern for governance, transparency or accountability. Rumours of corruptions associated with Chinese projects are widespread,” said Yun Sun a visiting fellow with the East Asian program at the Stimson Center, a non-profit research group in Washington, DC.
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loserloser Member	15-Oct-2012 12:02        loserloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very truth, the exchange of shares on friday is weird. The only thing is the timing... When will it start the up trend.   Today, for sure will not run up much. Might come dwn and BB will accumulate more for the nxt chiong session clickshop1628      ( Date: 15-Oct-2012 11:55) Posted: Another observation is that on last Friday, there were about 80m shares changed hands in less than 1 hour. The buyers were buying up every fast from the sellers in big lots. Don't look like retail buying or selling. It is likely a roll-over by the BBs.... which means play not over but not necessarily will come back today. Trade with care.
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clickshop1628 Veteran	15-Oct-2012 11:55        clickshop1628 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another observation is that on last Friday, there were about 80m shares changed hands in less than 1 hour. The buyers were buying up every fast from the sellers in big lots. Don't look like retail buying or selling. It is likely a roll-over by the BBs.... which means play not over but not necessarily will come back today. Trade with care.
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loserloser Member	15-Oct-2012 11:43        loserloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ye, ur observation is correct. Someone is accumulating the shares. if you look at 0.045 this morning. Someone q-ing there with few k lot size. ppl sell, he/she withdraw and let it go dwn at 0.044. repeating the process again n again.  clickshop1628      ( Date: 15-Oct-2012 11:38) Posted: One observation - someone is quietly buying the warrants at a premium. This is usually a sign of accumulation. Last time it happened, I sold my warrants too early, then the shares took off later (days later, can't remember). But very short term, momentum is stalling, hard to rally.
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clickshop1628 Veteran	15-Oct-2012 11:38        clickshop1628 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One observation - someone is quietly buying the warrants at a premium. This is usually a sign of accumulation. Last time it happened, I sold my warrants too early, then the shares took off later (days later, can't remember). But very short term, momentum is stalling, hard to rally.
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loserloser Member	15-Oct-2012 11:14        loserloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Given the trade volume today n market depth. The most for today is 0.046. 0.047 is blockage liao 4,830,000 0.044 0.045 700,000 3,395,000 0.043 0.046 5,385,000 2,750,000 0.042 0.047 11,138,000 3,130,000 0.041 0.048 7,444,000 1,972,000 0.040 0.049 7,804,000 6,500,000 0.039 0.050 7,369,000 500,000 0.038 0.051 1,490,000 250,000 0.035 0.052 900,000
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soulcries Senior	15-Oct-2012 10:45        soulcries About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Last Trades Vol BuyVol Mid SellVol 0.044 1 400 400 0 0 0.045 61 10,482 4,500 0 5,982 0.046 8 638 0 0 638 TOTAL 70 11,520 4,900 0 6,620 this is factual fact for now,buying interest @0.044 is still strong FOR NOW
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soulcries Senior	15-Oct-2012 10:40        soulcries About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	not exactly ..the buying is buying into the prospect of myanmar growth,it is now dow futures are red so bobian buying interest is starting to withdraw,it is natural market movement so is expected. IMHO if there is buying wave ,it will move beyond that..of course i would say this is pump and dump counter
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clickshop1628 Veteran	15-Oct-2012 10:35        clickshop1628 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even is there is selling, unlikely to fall too much. Not much meat for BBs at this level. Likely another pump and dump this week.
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loserloser Member	15-Oct-2012 10:20        loserloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	IMHO, 0.044 is not strong. It's a weak support. If the wave of selling start tat is nothing. soulcries      ( Date: 15-Oct-2012 09:33) Posted: 0.044 still strong ,too bad the market sentiment of earning is still quite pessimistic about
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soulcries Senior	15-Oct-2012 09:33        soulcries About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	0.044 still strong ,too bad the market sentiment of earning is still quite pessimistic about
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loserloser Member	15-Oct-2012 09:08        loserloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	the downward move is starting liao. Today should end at 0.043 at least
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soulcries Senior	15-Oct-2012 08:52        soulcries About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	yes dont hope too much, but tml will be important to all myanmar investment,talking about what myanmar can grow
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loserloser Member	15-Oct-2012 08:39        loserloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Totally agree, hit n run. will be selling my shares this week. Risky to hold n wait too long JustinQuek      ( Date: 15-Oct-2012 01:33) Posted: really . i just have some advise . i started this thread.this is a pump and dump counter.
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JustinQuek Veteran	15-Oct-2012 01:33        JustinQuek About Contact  Quote this Post!
x 0   x 0  Alert Admin	really . i just have some advise . i started this thread.this is a pump and dump counter.
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loserloser Member	14-Oct-2012 23:33        loserloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dun hope too much.... I heard from a source tat, this counter will start to fall this coming week.... Please keep ur seat belt tighten, and hope my source is wrong
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commando Veteran	13-Oct-2012 23:19        commando About Contact  Quote this Post!
x 0   x 0  Alert Admin	so nice  IF they announce contracts in Mynmar now hor....dare to dream
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FearValueGreed Master	13-Oct-2012 00:48        FearValueGreed About Contact  Quote this Post! Style: Combined   Yells: "Long Term Timing X Capital = Well Deserved Payout"
x 0   x 0  Alert Admin	The chart really looks promising, using trend line, really 54 is in the making by next week. But will need sti help. Usually when main index is boring, will the un touchables revive back to its heyday. Hope some myarmar hot news come out over weekend.
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clickshop1628 Veteran	12-Oct-2012 17:56        clickshop1628 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like some good news coming out. Notice someone buying big lots of the warrants 2013 - usually a bullish sign. Stay vested.
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loserloser Member	12-Oct-2012 16:40        loserloser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Selling off the gain profit and buy straight back.  wildchild      ( Date: 12-Oct-2012 16:29) Posted: bb passing to each other at 46 47 46....?
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